Word: cuts
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Dates: during 1980-1989
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Soon enough he was the circus. When a presidential blind trust effectively cut him out of the Carter warehouse business that he had run for years, Billy began drinking heavily. He ran for mayor of Plains, and was defeated. To pay back taxes, he had to sell his property, even the filling station -- "the only thing that was really mine." He became a registered agent for Muammar Gaddafi's regime in Libya, with a $220,000 Libyan "loan...
Unemployment is near a 14-year low. Inflation has been cut to about a third of its pace in the early 1980s. Interest rates are only half as high as eight years ago. The U.S. economy shrugged off the October 1987 stock-market crash to record a sixth straight year of growth, a feat unprecedented during peacetime. So why, given the fact that pocketbook issues eventually dominate almost every presidential campaign, is George Bush not running away with the election...
...came to power largely because he promised to revive the American Dream, which he said was being strangled by high taxation. Indeed, through most of the 1970s, wages rose less than prices but enough to push taxpayers into higher brackets. The double whammy of higher prices and higher taxes cut into the purchasing power of the middle class more than into that of the rich...
...still remember Sadat smoking a pipe, magnificently dressed, clean-cut, doing an interview with Walter Cronkite," said Kalb. "Through Sadat, other Arab leaders began to exploit [the press] for their own policy aims...
Before Reagan came along it appeared that both parties were committed to a certain minimum level of federal spending and involvement. But Reagan wanted to change all that. He insisted that government was the problem, not the solution. And most significantly, he promised to cut back on spending and to balance the budget...